Domestic Term deposits

Credit Card Registration
(Compulsory for existing credit card holder)

Attn: Credit Card holders
(for mobile nos and email ids)

NRE Deposits

FCNR Deposits

Advances

Interest Rate on Domestic Term Deposits from 08.02.2010 :

[Interest rate in % p.a.]

Duration	For amount less than Rs. 1.00 crore	For amount of Rs. 1 Cr up to (including) Rs. 5 Cr
Duration	Revised rates w.e.f. 08.02.10	Revised rates w.e.f. 08.02.10
7 days to 14 days	2.50	2.50
15 days to 30 days	3.00	2.50
31 days to 45 days	3.00	2.75
46 days to 60 days	3.75	3.00
61 days to 90 days	4.00	3.00
91 days to 180 days	4.75	3.50
181 days to 270 days	5.50	4.50
271 days to less than 1 year	5.50	5.25
One Year or 365 days	6.50	5.50
Over 1 year to less than 3 years	6.50	5.75
3 years (Mahalaxmi Term Deposit)	7.00	5.75
Over 3 years to 5 years	7.00	6.00
Over 5 years	7.00	6.00

The rate of interest on Bank Term Deposit Scheme, 2006 (Tax Saving Scheme for 5 year term deposit) up to investment limit of Rs. 1.00 lakh only will be 7.25%.
In case of premature withdrawal of deposit, the applicable rate would be 1% below the interest rate of the period for which deposit has been actually held.
The deposit above Rs. 1 crore should be through a single deposit receipt.
Deposits to be accepted for a maximum period of 10 years.
Senior citizens will be offered an additional rate of 0.50% only uniformly across all maturity slabs of 91 days and above upto amount of less than Rs. One crore only.
The revised rates would be applicable for all NRO term deposits.
The revised interest rates are applicable to renewals and fresh (new) term deposits only.
All rates are subject to change from time to time.
For amount of Rs.1 cr and above, interest rates are indicative and quantum and rate of interest will be at the discretion of Bank on day to day basis linked to liquidity and interest rate scenario etc.